Should the U.S have a flat tax?

Question

What do you think? Would everyone benefit..or not?
Thanks!

Answer 1

I'm in favor. But the real problem is not with the tax rate -- it is with attempting to define "income". Much of the thousands of pages of the tax code is an attempt to come up with a credible and universally applicable definition of income. It is almost impossible to do.

Answer 2

A flat tax on what though? There are so many times of income besides the standard "earned income" people receive at a job. There's capital gains, interest, dividends etc. It gets tough to define. Also, one other major problem is the proposed rate. 10 or 15 percent sounds good in theory but the problem is that that will not bring in enough revenue. Most tax is paid by the rich and by corporations. When they are only paying 10 or 15 percent, the poor people's 10 to 15 percent tax payment won't make up the shortfall.

Answer 3

Mass confusion surrounds our tax code and is beginning to stimulate the debate to reform the present tax
system. Reform plans range from a minor overhaul of the income tax to completely abolishing it.
What we need is a fair, simple, transparent tax system that any American can understand at a glance. A new
tax system that would end late night sweating over endless forms and allow us to trash our shoeboxes full
of receipts. We need a system that won’t hide the tax burden in the cost of goods and services; a system
that will allow working people – wage earners – to take home their entire paychecks, with no deductions.
We need a tax system that will eliminate postApril
15 th anxiety over whether or not we will be one of the
unlucky millions of people who are assessed a civil penalty by the IRS each and every year, or who receive
the dreaded audit notices.
There is one plan that can do all that - the FairTax, the perfect vision of a federal consumption tax. To
learn more about this proposed new system of taxation, readers should call 1800FAIRTAX,
or visit the
FairTax Web site at www.FairTax.org.

Answer 4

Yes, all people should read Neal Bortz and John Linders book called THe Flat Tax book. They are also coming out with a book that rebutts all negative arguments on The Flat Tax book.

Answer 5

Almost anything would be an improvement over what we have now. A flat tax is the best type of income tax possible. I prefer a sales tax to any income tax.